STOCK PURCHASE AGREEMENT

Stock Purchase Agreement

You are currently viewing:

This Stock Purchase Agreement involves

DEVCON INTERNATIONAL CORP | TOPSPIN ASSOCIATES, L.P., | TOPSPIN PARTNERS, L.P., | BARISTON INVESTMENTS, LLC, | SHELDON E. KATZ, | MIKE MCINTOSH, | CHRISTOPHER E. NEEDHAM, | DEVCON SECURITY HOLDINGS, INC.

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.

Title: STOCK PURCHASE AGREEMENT
Governing Law: Florida Date: 11/16/2005
Industry: BLDSRV Law Firm: Akerman Senterfitt; Buchanan Ingersoll Professional Corporation Sector: CAPGDS

Search Stock Purchase Agreement by:

EXECUTION COPY

STOCK PURCHASE AGREEMENT

BY AND AMONG

TOPSPIN ASSOCIATES, L.P.,

TOPSPIN PARTNERS, L.P.,

BARISTON INVESTMENTS, LLC,

SHELDON E. KATZ,

MIKE MCINTOSH,

CHRISTOPHER E. NEEDHAM,

SELLERS’ REPRESENTATIVES

AND

DEVCON SECURITY HOLDINGS, INC.

DATED AS OF NOVEMBER 10, 2005

TABLE OF CONTENTS


				Page
1.	PURCHASE AND SALE OF STOCK				1
		1.1	Agreement to Purchase and Sell		1
		1.2	Certain Definitions		2
		1.3	Index of Other Defined Terms		10

2.	PURCHASE PRICE AND CLOSING				11
		2.1	Purchase Price		11
		2.2	Closing Date and Location		15
		2.3	Noncompetition		15
		2.4	Employment Agreements		16

3.	REPRESENTATIONS, WARRANTIES AND COVENANTS OF SELLERS				16
		3.1	Organization and Corporate Documents		16
		3.2	Capitalization		17
		3.3	Ownership and Transfer of Stock		18
		3.4	Subsidiaries; Affiliates		18
		3.5	Authority of Sellers; No Violation		18
		3.6	Real Property		19
		3.7	Title to Assets; Condition of Assets		19
		3.8	Compliance with Laws; Litigation		20
		3.9	Insurance		21
		3.10	Absence of Adverse Changes or Other Events		21
		3.11	Financial Statements		22
		3.12	Tax Returns and Payments		23
		3.13	Labor Matters		25
		3.14	Intellectual Property Rights		25
		3.15	Material Contracts		26
		3.16	Alarm Systems and Alarm Accounts		28
		3.17	Customer Agreements		29
		3.18	Broker or Finder		29
		3.19	Employee Benefit Plans		29
		3.20	Environmental Matters		31
		3.21	Banks, Directors and Powers of Attorney		32
		3.22	Related Party Transactions		32
		3.23	No Undisclosed Liabilities		32
		3.24	Inventory		32
		3.25	Accounts Receivable		33
		3.26	Suppliers		33
		3.27	[Reserved]		33
		3.28	Disclosure		33
		3.29	Working Capital Adjustment		33

4.	REPRESENTATIONS, WARRANTIES AND COVENANTS OF BUYER				34
		4.1	Authority of Buyer; Enforceability		34

TABLE OF CONTENTS


				Page
		4.2	No Conflicts		34
		4.3	Litigation		35
		4.4	Investment Purpose		35
		4.5	Cooperation with Sellers; Licensing Requirements		35
		4.6	Financial Capacity		36
		4.7	Broker or Finder		36
		4.8	SEC Reports		36
		4.9	No Section 338 Election		37
		4.10	No Other Representations		37
		4.11	Disclosure		37

5.	ACTIONS ON OR AFTER THE CLOSING DATE				37
		5.1	[Reserved]		37
		5.2	Resignations		37
		5.3	Tax Indemnification; Returns		37
		5.4	Options		42
		5.5	Security Dealer Funding Corp		42

6.	CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER				42
		6.1	Documents, Certificates and Other Items		42
		6.2	Satisfaction of Certain Debt		43